This is one of my pet peeves because people claim their vacation rental makes $20,000 a year instead of the $12,000 they would get with a long-term rental.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Most of the property management companies where I live are little pet project offshoots of a brokerage, of course, so if you don't know where to start, you can always start with brokerages.Everyone knows someone in property management that's looking for great talent to add to their team. :)

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Service Line coverageSome things to consider from an Insurance persective:- will the Tenants have pets. 

Require that they have renter’s insurance.No pets unless you agree in writing in advanceUse a tenant screening service to obtain a profile for your sister.Collect a security deposit that is reasonable and customary in that location.Buy a profitable long-term rental property, not necessarily a property that your sister likes.

.#2:  Make your friends equal owners in the entity and have the proper entity paperwork in place (this will be a requirement when borrowing capital from a lender)#3:  Get an EIN number for your entity#4:  Open a US Domesticated bank account for the entity and fund it, meaning exchange your money into US dollars and deposit it into the bank account#5:  Begin networking with other RE Investors (such as here on BP) or other networking groups to identify potential partners and contractors.Hope this helps and if I can be of any further help please reach out. 

Terms used to be expensive compared to domestic borrowers guaranteeing the loan.  

Are you pet friendly?